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TOKYO, March 29, 2024 (AFP) – Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84. “Tokyo shares are expected to start strong after the Dow and the S&P 500 hit all-time highs,” brokerage house Monex […]
WASHINGTON, Feb 10, 2024 (AFP) – Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings. Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share, according to documents sent to stock market regulatory authorities Friday. A previous stock market document, out Wednesday, reported his intention to sell, next July, 50 million shares of the group […]
TOKYO, Feb 2, 2024 (AFP) – Shares in Japan’s Aozora Bank plunged for a second straight day Friday — wiping hundreds of millions of dollars off its market value — after the lender forecast a full-year net loss because of bad property loans in the United States. Prices in the US commercial real estate market have fallen sharply on the back of rising borrowing costs and lower demand as more people work from home following […]
TOKYO, Jan 4, 2024 (AFP) – Tokyo stocks opened sharply lower Thursday, the first trading day of 2024, playing catch-up with falls of US shares. The benchmark Nikkei 225 index dropped 1.93 percent, or 646.30 points, to 33,817.87 in early trade, while the broader Topix index fell 1.24 percent, or 29.25 points, to 2,337.14. After closing 2023 on Friday, the Tokyo market reopened after its New Year break, during which the US market marked two […]
New York, United States | AFP | Monday 4/10/2023 Wall Street stocks declined early Monday as markets digested the latest US jobs data and prepared for key inflation updates, on top of bank earnings in a news-heavy week. Monday’s session was the first since the release of March employment figures by the Labor Department, which showed the US economy added 236,000 jobs last month. This was slightly less than expected, and came as the unemployment […]
BEIJING, China (AFP) — Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results. Bao Fan, the group’s billionaire chairman and executive director, went missing in February and was later revealed to be “cooperating” in an official investigation — sparking fears of a renewed crackdown on China’s finance sector. The bank, which specializes in the Chinese tech […]
Zurich, Switzerland | AFP | Monday 3/20/2023 UBS share price plunged on Monday as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to calm stock market nerves. The buyout, in which Switzerland’s biggest bank will take over the second largest, was vital to prevent economic turmoil from spreading throughout the country and beyond, the Swiss government said Sunday. But investors remained on edge, with UBS shares falling as […]
Washington, United States | AFP | Shares in Silicon Valley Bank, a major lender to the tech industry, were halted Friday morning after a sharp sell-off in premarket trading. The move came as the world’s biggest banks took a stock market beating after trouble at SVB sparked concerns over the wider sector. SVB shares tumbled more than 60 percent on Thursday after the company warned it would need to raise additional funds to help […]
by Glenda KWEK Agence France-Press MUMBAI, India (AFP) — Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia’s richest man — a title he has lost in a phenomenal stock rout — was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again. His listed units’ combined market capitalization has collapsed by more than $100 billion since US short-seller Hindenburg Research — which makes money by betting on […]
The business empire of Gautam Adani has shed tens of billions of dollars in value on the back of a report alleging accounting fraud that the Indian tycoon’s firm has strenuously rejected. Who is Gautam Adani? Adani, 60, is a publicity-shy school dropout of humble origins who rose to become the world’s third-richest man with a fortune — until last week — of around $130 billion. Moving to Mumbai in his teens to work sorting […]
New York, United States | AFP | Wall Street stocks retreated Wednesday after the Federal Reserve announced another big interest rate hike and signaled expectations for more increases. Near 1920 GMT, the Dow Jones Industrial Average was down 0.7 percent at 32,431.91. The broad-based S&P 500 dropped 1.4 percent to 3,800.96, while the tech-rich Nasdaq Composite Index fell 2.1 percent to 10,665.51. The US central bank, as expected, raised the benchmark borrowing rate by 0.75 […]
by Sam Reeves Agence France-Presse FRANKFURT, Germany (AFP) — Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe’s biggest listings in years, hoping its brand power can attract investors despite market turbulence. Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche’s […]
